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December 17, 2016


China Whey Weekly: Traders lift prices amid surging import costs (week ended Dec 12, 2016)


An eFeedLink Exclusive

 


Price summary


Prices rose significantly.

 

Weekly port transaction prices of whey in China

Specification

Port

Price as of Dec 5
(RMB/tonne)

Price as of Dec 12
(RMB/tonne)

Price Changes
(RMB/tonne)

Low protein

Shanghai

7,600

8,000

400

Tianjin

7,600

8,000

400

Chengdu

7,900

8,200

300

Guangzhou

7,700

8,000

300

Dalian

7,600

8,000

400

Beijing

7,800

8,000

200

Xiamen

7,600

8,000

200

High protein

Shanghai

8,200

8,500

200

Tianjin

8,200

8,500

200

Chengdu

8,200

8,500

200

Guangzhou

8,200

8,200

200

Dalian

8,200

8,400

200

Beijing

8,300

8,500

300

Xiamen

-

-

-

Prices refer to port transaction prices for bulk purchases in Dalian, Shanghai, Guangzhou, etc, and are for reference only.
RMB1=US$0.1442 (Dec 15)

 
 

Suppliers' quotes


In Europe, whey prices increased to the range of US800-810/tonne.


Price quotes of US feed-grade whey climbed to the range of US$595-821/tonne.

 


Market analysis


Whey prices surged in the US amid strong demand while hog inventories were at record highs. With renminbi weaker, the import costs of whey increased substantially, prompting traders to lift prices to sustain profit margins.

 

Market forecast

Whey market will stay firm with demand for hog feed expanding due to the approaching of Chinese New Year. Moreover, the costs of whey imports are likely to rise further due to strong demand in the US and a depreciating renminbi.
 

Remarks: Prices refer to port transaction prices of low-protein whey and are for reference only.

 

Remarks: Prices refer to CIF China price quotes (US-Dollar) of low-protein whey and are for reference only.

                    

                                              

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